According to the technical analysis model of Coindesk Research, DOT demonstrated flexibility with a strong recovery rally, which increased by more than 4% to $ 3.84- $ 3.86 to more than $ 4.12 after defending Pivotal support levels around $ 3.84- $ 3.86.
The model showed that Cryptocurrency resisted at $ 3.92 at $ 3.92, with exceeding 7 million, suggested institutional accumulation and continued up to $ 4.15- $ 4.20 target.
Developer activity data suggests that Polekadot deployed 8th position in core development with 72 committees, while according to the model, 2 rankings in the development of ecosystems with 4,337 committees, leaving the atherium behind.
The rally in the dot also came as a comprehensive crypto market, comprehensive market gauge, coindesk 20, recently increased by 1%.
In recent trading, Polkdot was 4% higher in 24 hours, trading around $ 4.12.
technical analysis:
- Dot installed strong support around $ 3.84- $ 3.86 zone after reaching a $ 3.84- $ 3.86 zone session around the zone.
- 7 million signals above $ 3.92 resistance with more extraordinary volume than institutional accumulation.
- Successful defense of $ 3.88- $ 3.92 consolidation range suggests that there is a continuous speed upwards.
- The clear ascending channel formed with the support of $ 4.00- $ 4.02 zone during the last hour.
- Fibonacci extension target $ 4.15-$ 4.20 level was identified on the basis of measured analysis.
- 15: 23-15: 28 UTC confirms an increase in more than 216,000 volumes during the window.
Disclaimer: Some parts of this article were generated with assistance from the AI tool and reviewed by our editorial team to ensure accuracy and adherence. Our standard. See for more information Coindesk’s full AI policy.
